People from all over the globe want to move to Singapore to take advantage of the country’s booming technology, outstanding technical developments, and a wide pool of international talent. To become a Singaporean Permanent Resident, foreigners’ ultimate objective is to enjoy a wide range of privileges, which we’ll cover in further detail below.
Work visas are available to foreign nationals who want to work. These, however, pale in comparison to the benefits of being a Permanent Resident. Permanent Residency isn’t something you can apply for right away, though. In order to be eligible to apply, you must have one of the work visas indicated above and have been employed in the nation for at least a year. The PTS, or Professionals or Technical Personnel and Skilled Workers Scheme, makes it possible to go from a work visa to permanent resident status. You may learn more about Singapore’s pr application Singapore process here.
What Is The Status Of A Singapore Permanent Resident?
Residents of Singapore may apply for a Singapore PR if they want to make the city-state their primary or secondary residence. PR, on the other hand, is not the same as citizenship. The qualifications for obtaining Singaporean citizenship are unique and have their own set of requirements.
What Are The Advantages Of Being A Long-Term Inhabitant?
A powerhouse in Asia, Singapore’s economy, job and entrepreneurship prospects, entertainment, and leisure activities make it a great place to live and work. No surprise foreigners are eager to take advantage of the privileges that come with being a PR in our nation. Once they are granted permanent residency, they will be eligible for the following advantages:
Stability in Immigration
Being a permanent resident in Singapore has several advantages, one of which is the ability to work, study, and even retire here. Every five years, you’ll need to reapply for your PR status. If you have a PR and a current Re-Entry permit, you may enter and exit Singapore without the need for an extra visa. As a permanent resident, you may take advantage of the higher quality of life and career opportunities accessible to Singaporeans alone.
Stability in the Workplace and Possibilities for Entrepreneurship
Every time you switch occupations as a permanent resident, you don’t have to renew for your work visa. Because of the possibility of the application being refused and requiring you to leave the country, reapplying for work permits is dangerous. As a Singapore citizen or permanent resident, you won’t face any of these hazards and may change occupations at any time. Taking government positions and doing several part-time jobs is permitted.
Singapore businesses prefer to hire citizens and permanent residents. If a company employs a larger percentage of local workers (i.e. citizens and permanent residents), it has the ability to hire more international workers (S-Pass and Work Permits). If you have an EP, changing jobs necessitates cancelling your existing pass and reapplying after your new position has been granted. This necessitates a significant amount of time and money to be spent on the shift. It is also possible to set up a business in Singapore if you are a Singapore permanent resident.